FBX Report: May 4, 2021
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May 4, 2021
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Congress, STB try to help Amtrak get on track with performance metrics
Congressional leaders and regulators are looking at ways Amtrak can improve its on-time performance, and they’re employing different tactics to get to that goal. The freight railroads factor into Amtrak’s ability to meet certain on-time performance metrics because the railroads…
May 4, 2021
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FreightWaves Haul of Fame: Eagle Group is flying high
The Eagle Group is a diverse group of five privately held companies that has grown from a livery company founded in 1903 in Wenatchee, Washington. Wenatchee is located on Washington state’s eastern plateau between the Cascade Mountains to the west…
May 4, 2021
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Cloud-payments firm Gr4vy announces $11.1M funding
From PayPal to Gr4vy. John Lunn, a leading executive with Paypal (NASDAQ: PYPL) during his time leading the company’s Developer and Start-up Relations division, has come back to the payments business with a new firm, Gr4vy. After that stint in…
May 4, 2021
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Trucking boom propels Meritor to higher sales and earnings
Commercial driveline supplier Meritor Inc. (NYSE: MTOR) reported higher sales and earnings for its fiscal second quarter despite a tough comparison with the year-ago period. The Troy, Michigan-based company reported sales of $993 million compared to $871 million in the…
May 4, 2021
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The Stockout: Raising prices on disinfectants during COVID is not gouging
Wall Street didn’t like Clorox’s earnings report late last week. There were analyst downgrades and shares are down from where they were a week ago and down 10% from their level three months ago. The company is in a tough…
May 4, 2021
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ArcBest’s capital spending plan signals confidence in prolonged freight cycle
Management from ArcBest Corp. (NASDAQ: ARCB) said a “robust demand” environment has them already thinking about the 2022 capital expenditures budget during a call with analysts Tuesday. The company is looking to improve its capacity profile to capture the incremental…
May 4, 2021
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Playing to your sales strengths — Put That Coffee Down
This episode of Put That Coffee Down is sponsored by Surge Transportation. Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and…
May 4, 2021
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Weekly Fuel Report: May 4, 2021
Learn more at SONAR.FreightWaves.com
May 4, 2021
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Uber teams with Arrival on EVs and Gopuff for everyday essential items
Arrival, the U.K.-based electric bus and van manufacturer, has announced a deal with global ridesharing giant Uber to develop an electric car for ride hailing in the U.K. and Europe. Uber has a similar deal with General Motors (NYSE: GM)…
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